The administration has published a circular and FAQ list providing information about the new permanent regulation for demolition and reconstruction of homes intended for rental, effective from 1 January 2024. A transitional measure allows the reduced 6% VAT rate to be applied to home sales in 2024 if the environmental permit application was submitted before 1 July 2023, and if social and formal conditions are met. Sellers and buyers must submit a new declaration to apply the transitional measure, and the reduced rate can only be applied to VAT due after submission of the declaration. Late submission of the declaration will not allow for regularization of VAT due before submission.
Source Tiberghien
